About WakeCap
WakeCap is a company based in Riyadh (Saudi Arabia) founded in 2017 by Ishita Sood Kochhar and Hassan Albalawi.. WakeCap has raised $32 million across 5 funding rounds from investors including Wa'ed Ventures, Consolidated Contractors International Company and HAX. WakeCap has completed 1 acquisition, including ByCore. WakeCap offers products and services including VerifyTime, Project Control Center (PCC), Smart Site Safety Solution (4S™), and Automated Time Keeping. WakeCap operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Ishita Sood Kochhar, Hassan Albalawi
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Sectors
TechnologyReal Estate & Construction Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Wakecap Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32 M (USD)
in 5 rounds
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Latest Funding Round
$28 M (USD), Series B
May 14, 2025
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Investors
Wa'ed Ventures
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of WakeCap
WakeCap offers a comprehensive portfolio of products and services, including VerifyTime, Project Control Center (PCC), Smart Site Safety Solution (4S™), and Automated Time Keeping. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automated system for tracking worker attendance and hours on site.
Platform for monitoring production rates and workforce allocation.
Wearable tech for detecting falls and emergencies in construction.
Tool to record worker entry, exit, and productive hours.
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Funding Insights of WakeCap
WakeCap has successfully raised a total of $32M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $28 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $28.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series B - WakeCap | Valuation | UP Partners | |
| Mar, 2022 | Amount | Series A - WakeCap | Valuation | Wa'ed Ventures |
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| Nov, 2018 | Amount | Seed - WakeCap | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WakeCap
WakeCap has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Wa'ed Ventures, Consolidated Contractors International Company and HAX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Startups are accelerated via a 111-day program with seed funding.
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Founded Year | Domain | Location | |
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US early-stage tech startups are funded by Graphene Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WakeCap
WakeCap has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ByCore. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of recruitment and workforce planning services
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WakeCap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wakecap Comparisons
Competitors of WakeCap
WakeCap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Legion, WorkJam, Harri, Work Market and Eden Workplace, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Recruitment and workforce management are offered for hospitality.
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| domain | founded_year | HQ Location |
Freelance management, payments, and reporting are facilitated by AI software.
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| domain | founded_year | HQ Location |
SaaS-based workplace management software for offices is delivered.
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| domain | founded_year | HQ Location |
Cloud-based HCM software is provided for enterprise HR processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wakecap
Frequently Asked Questions about WakeCap
When was WakeCap founded?
WakeCap was founded in 2017.
Where is WakeCap located?
WakeCap is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of WakeCap?
Hassan Albalawi is the current CEO of WakeCap. They have also founded this company.
Is WakeCap a funded company?
WakeCap is a funded company, having raised a total of $32M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 01, 2017.
What does WakeCap do?
WakeCap was founded in 2017 in Riyadh, Saudi Arabia, as a cloud-based platform focused on workforce management for the construction sector and other industries. Production, safety, and operational processes are managed through IoT sensors, real-time data analytics, and automated reporting. Resource allocation is optimized, worker presence is monitored, and insights are generated to support decision-making in multi-site environments.
Who are the top competitors of WakeCap?
What products or services does WakeCap offer?
WakeCap offers VerifyTime, Project Control Center (PCC), Smart Site Safety Solution (4S™), and Automated Time Keeping.
How many acquisitions has WakeCap made?
WakeCap has made 1 acquisition, including ByCore.
Who are WakeCap's investors?
WakeCap has 9 investors. Key investors include Wa'ed Ventures, Consolidated Contractors International Company, HAX, Graphene Ventures, and Inspire Ventures.
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